Vietnam Temporarily Reduces Some IP Fees by 50%

On May 26, 2020, in response to the COVID-19 pandemic, Vietnam’s Ministry of Finance issued Circular No. 45/2020/TT-BTC on the reduction of fees for registration of foreign QR codes as well as certain industrial property fees. Accordingly, the industrial property fees listed in Section A of the schedule promulgated with Circular No. 263/2016/TT-BTC of the Ministry of Finance will be temporarily reduced by 50% from May 26 until the end of 2020, returning to the old levels on January 1, 2021. On December 29, 2020, the Intellectual Property Office of Vietnam issued Circular No. 112/2020/TT-BTC announcing that these fee reductions would be extended until June 30, 2021.

Further reading: 

https://www.tilleke.com/insights/vietnam-temporarily-reduces-some-ip-fees-50/